The Alabama Marines Foundation
Nonprofit profile at a glance
- EIN
- 454650370
- IRS 990-EZ coverage
- 2017–2023
- Forms available
- Form 990-EZ 2023
- Location
- Tuscaloosa, AL, USA
- Phone
- 2053949430
- Rating
- 59
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $145,090
- Expenses
- $94,835
- Assets
- $269,801
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
16 people listed
People named in this filing
- LEE BUSBY (TREASURER)
- FORREST FITTS (CHAIRMAN)
- JIM MCLEAN (VICE CHAIRMA)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of the foundation is to raise funds and to make charitable contributions and grants to deserving individuals and other non-profit organizations, including veterans' organizations, educational institutions, and governmental entities which support its goal of promoting the general welfare of marines and their families.
What it reported doing in 2023
Contributions to other like minded groups to help support and promote the betterment for marines and their families. These grants went to various reserve officers' training corps (rotc), other marine detachments, and scholarships to help support marines, their families, and to provide a positive example to help with recruiting future marines.
Operating model
- Revenue model
- Other-operating. 86% of the money available for current operations came from other operating revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 39
- Transparency & Controls: 82
- Sustainability: 74
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 32.4%; rating input score 32
- Program expense ratio: 49.5%; rating input score 50
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 34.6%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 2.84; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -12.7% per year; rating input score 0; 13th percentile among comparable filings
- Revenue growth: 16.5% per year; rating input score 100; 78th percentile among comparable filings
- Asset growth: 21.7% per year; rating input score 100; 81st percentile among comparable filings
Details
- Where the money goes: 32.4% of revenue deployed · 49.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $47K in reported program spending
- Leadership: top reported pay $0 · 16 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 7 filing years from 2017 to 2023
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 32/100.
- Review — Financial Efficiency: Program expense ratio scored 50/100.
- High — Growth: Program expense growth scored 0/100.